SIOUX FALLS (AP) -- South Dakota's governor and congressional delegation held a ribbon-cutting ceremony Wednesday to welcome a new credit card contact center in Sioux Falls.
Capital One in August announced the acquisition of the U.S. credit card arm of Britain's HSBC for $2.6 billion. Capital One retained the 400 former HSBC employees and added 400 jobs in Sioux Falls as part of the acquisition.
The company has already hired 225 new associates.
Gov. Dennis Daugaard, Sens. Tim Johnson and John Thune, Rep. Kristi Noem, Attorney General Marty Jackley, Sioux Falls Mayor Mike Huether and Capital One U.S. Card president Ryan Schneider were on hand for the ceremony.
Barbara Stork, chairwomen of the Sioux Falls Chamber of Commerce, presented Capital One a plaque to welcome the company to Sioux Falls, the Argus Leader reported.
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Johnson said the new jobs will include customer contact agents, supervisors, trainers, managers and support staff.
"These are high-quality jobs that will help keep South Dakota's economy growing," said Johnson, chairman of the Senate Banking Committee.
Huether said financial services jobs can be created in South Dakota because of visionaries such as former Governor Bill Janklow, who thought outside the box to help bring Citibank to Sioux Falls.
"Thousands of jobs were created because of leaders, visionaries and risk takers, and today all of us are reaping the rewards," Huether said.
